Latest IPO Grey Market Premium (GMP) Updates for Western Carriers, KRN Heat Exchanger, Northern Arc Capital, and More

The IPO grey market is showing varied performances for several upcoming IPOs. Grey Market Premiums (GMP) can give investors early insights into the potential performance of these stocks post-listing.

Below is the latest update on GMP for five IPOs: Western Carriers, KRN Heat Exchanger, Northern Arc Capital, Arkade Developer, and Manba Finance.

1. Western Carriers (India) IPO GMP Update

Issue Price: ₹172
Grey Market Premium (GMP): ₹21
Percentage Premium: 12%

Western Carriers (India) IPO is showing a GMP of ₹21, translating to a 12% premium over its issue price of ₹172. This suggests limited potential gains in the grey market.

2. KRN Heat Exchanger IPO GMP Update

Issue Price: ₹220
Grey Market Premium (GMP): ₹222
Percentage Premium: 101%

KRN Heat Exchanger is showing a significant GMP of ₹222, reflecting a 101% premium over its issue price of ₹220. This signals strong demand in the grey market.

3. Northern Arc Capital IPO GMP Update

Issue Price: ₹263
Grey Market Premium (GMP): ₹127
Percentage Premium: 48%

Northern Arc Capital IPO is trading with a GMP of ₹127, translating to a 48% premium over its issue price of ₹263. This indicates notable demand in the grey market.

4. Arkade Developer IPO GMP Update

Issue Price: ₹128
Grey Market Premium (GMP): ₹62
Percentage Premium: 48%

Arkade Developer IPO is showing a GMP of ₹62, reflecting a 48% premium over its issue price of ₹128, indicating positive potential in the grey market.

5. Manba Finance IPO GMP Update

Issue Price: ₹120
Grey Market Premium (GMP): ₹60
Percentage Premium: 50%

The most notable update is for Manba Finance IPO, which has seen a dramatic surge in GMP to ₹60 after showing no activity earlier. This equates to a 50% premium over its issue price of ₹120, reflecting renewed interest and demand. Initially, there was no trading activity in the grey market until 11 AM today, but the sudden spike now suggests strong listing gains for this IPO.

The latest GMP updates reflect a mix of demand across different IPOs. While KRN Heat Exchanger continues to lead with a 101% premium, Manba Finance has surprised the market with a sudden 50% GMP rise, indicating potential for strong listing gains. Investors should monitor these IPOs closely as the listing dates approach.

Tags: Western Carriers IPO, KRN Heat Exchanger IPO, Northern Arc Capital IPO, Arkade Developer IPO, Manba Finance IPO, latest GMP update, Indian IPO grey market, IPO performance 2024